XMTP is a decentralized communication protocol on Web3, allowing users complete control over their data and enhancing the communication experience within the cryptocurrency ecosystem.
The project focuses on developing fast connections between digital wallets, replacing centralized communication platforms with safer, more transparent, and efficient decentralized communication networks.
MAIN CONTENT
XMTP establishes a decentralized messaging protocol for the Web3 community.
Raised 20 million USD from the a16z fund and strategic investors.
An application connecting cryptocurrency wallets, reducing spam and increasing security.
What is XMTP?
XMTP is built as a decentralized protocol to extend communication capabilities for Web3 users.
This is an initiative to connect, message, and email within the cryptocurrency ecosystem, creating a secure and efficient community, diversifying wallet-related services, DeFi, DAO, NFT, and Blockchain governance.
What are the highlights of the project?
XMTP offers an alternative to centralized social information platforms by empowering users to own their data, protect privacy, and enhance flexibility.
The project focuses on addressing spam in email and communication errors in messaging applications through a decentralized network, supporting verified wallet messaging. This creates a trusted environment for Web3 services.
XMTP is the fundamental communication platform for the next generation of the web, optimizing community connection, creators, and applications on a user-owned decentralized network.
Shane Mac, Co-founder of XMTP, 2024
Not only limited to reducing spam and scams, XMTP also develops a unified decentralized inbox for all DApp applications, enhancing user experience in the Web3 ecosystem.
What is the basic information about the XMTP Token?
The XMTP Token is a utility token issued on the Ethereum blockchain, following the ERC-20 standard, playing an essential role in the operation of the protocol.
Token Name: XMTP Protocol
Symbol: XMTP
Standard: ERC-20 on Ethereum
Token Type: Utility
Total supply and circulation: updating
Currently, detailed information about the utility token, allocation, and roadmap is still being finalized to provide to the investing community and users as soon as possible.
What about the project team, investors, and partners?
XMTP, Inc. was co-founded by Matt Galligan and Shane Mac, who are experienced professionals in various technology and cryptocurrency fields.
The project successfully raised 20 million USD in a Series A funding round led by the a16z fund, with many reputable strategic funds and individuals supporting, enhancing expertise from email, chat, DeFi to security and Blockchain.
The successful raising of 20 million USD from top investors is an important step that brings XMTP closer to the goal of designing the most efficient decentralized communication platform for Web3.
Matt Galligan, Co-founder of XMTP, early 2024
Summary
The XMTP Protocol represents a significant technical advancement in decentralized communication on Web3, securely and transparently connecting cryptocurrency wallets and DApps. Investors and users need to stay updated on Token developments to make informed investment decisions.
Frequently Asked Questions
What role does the XMTP Protocol play in Web3?
XMTP builds a decentralized communication protocol, enabling secure connections and messaging between wallets and DApps in Web3, based on the experience of the founding team linked to major funds.
What is the XMTP Token used for?
The XMTP Token is a utility asset serving the operation and development of the protocol, supporting governance rights and features within the Web3 ecosystem.
Who are the founders of XMTP?
XMTP was co-founded by Matt Galligan and Shane Mac, both renowned in the technology and cryptocurrency industry with many notable achievements.
What is the investment amount in XMTP and from whom?
The project raised 20 million USD in a Series A round, led by the a16z fund and many strategic investors in the cryptocurrency field.
Does XMTP address spam and security issues?
The XMTP protocol is designed to reduce spam through a message verification mechanism and build a decentralized environment, enhancing security and the integrity of communication data.
Source: https://tintucbitcoin.com/xmtp-la-gi/
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